MONTREAL, June 20, 2013 /CNW Telbec/ - Enerkem Inc. (www.enerkem.com), a waste-to-biofuels and renewable chemicals company, announced today
the closing of a C$50 million financing, which brings total equity
investment raised by Enerkem in 2013 to C$87 million. As part of this
financing, institutional fund Investissement Québec joins existing
investors Waste Management of Canada, Rho Ventures, Braemar Energy
Ventures, The Westly Group, Cycle Capital, Fonds de solidarité FTQ and
Fondaction, who each increased their investment in Enerkem with this
new equity financing round.

Investissement Québec, as a mandatary for the Government of Québec, is
one of the largest institutional investors in Canada. Through
structural investments, it supports the growth of innovative companies
with a global competitive edge and the potential to accelerate the
transition to a green manufacturing economy.

"This strategic investment by Investissement Québec will help us
leverage and strengthen our capacity to build and assemble the various
modules of our facilities through the network of local and high quality
shops we are currently working with", said Vincent Chornet, president
and chief executive officer of Enerkem. "As we are finalizing the
construction of the Enerkem Alberta Biofuels facility in Edmonton and
developing our next facilities, we take this new corporate equity
investment as a vote of confidence in Enerkem's growth strategy".

According to Quebec Premier Pauline Marois, "climate change, the
dwindling supply of hydrocarbons and other environmental challenges
have made it necessary to rethink our very lifestyles, not to mention
the way we transport people and goods. By redefining our economic
approach and adapting it to 21st-century realities, we can make Quebec
one of the greenest and most prosperous regions of the planet. Enerkem
is living proof that biofuels can be a wonderful opportunity for
economic growth. Enerkem's projects not only create jobs but also
reduce the carbon footprint left by our transport systems, and they can
clearly have a beneficial effect on our balance of trade."

About Enerkem
Enerkem makes biofuels and renewable chemicals from waste. With its
proprietary technology, Enerkem converts non recyclable municipal solid
waste into methanol, ethanol and other widely used chemical
intermediates. Headquartered in Canada, Enerkem operates both a
demonstration plant and a pilot facility in Quebec. Enerkem is
currently building a full-scale waste-to-biofuels facility in Edmonton,
Alberta, and is developing similar facilities in North America and
globally. Enerkem's technology and facilities help diversify the energy
mix and make greener everyday products while offering an alternative to
landfilling. www.enerkem.com